Jeremy Stretch Lower Quotations

Ultimately, the ECB will lower rates. I don't think they wanted to be forced into doing it.

Ultimately, the ECB will lower rates, ... I don't think they wanted to be forced into doing it.

Cable (sterling/dollar) could go lower in the first half of the year as we think the Fed will continue to hike rates, but in the second half we might see a recovery in sterling.

M&A activity is likely to prove supportive for sterling and with recent economic data suggesting there is no risk of lower rates any time soon, I think the backdrop remains fairly constructive.